Oman Cement sees profits decrease

26 October 2010

Decline due to lower volumes and selling prices

Oman Cement has said its profit for the nine months ending September 30 fell 3.7 per cent to OR18m ($47m) from OR19.095m over the same period last year, Oman Daily Observer has reported. The decline was mainly due to lower volumes, reduction in the selling price, and introduction of slab-wise discount schemes, chairman Abdullah Abbas Ahmed said. Sales figures during the period stood at 1.335 million tonnes against 1.7 million tonnes recorded during the corresponding period of 2009.

A MEED Subscription...

Subscribe or upgrade your current MEED.com package to support your strategic planning with the MENA region’s best source of business information. Proceed to our online shop below to find out more about the features in each package.